MoneyGram Buyout Revised

The proposed buyout of ailing money-transfer firm MoneyGram International Inc. has been revised to reflect the company failing to meet certain closing conditions.

Meanwhile, MoneyGram also said it has sold certain portfolio assets as required under the original deal at a $1.6 billion loss, which includes a $1.2 billion fourth-quarter write-down and a first-quarter loss of about $350 million. The firm had to dispose of $1.9 billion in securities at a loss, in addition to the $1.8 billion it had already sold for a $380 million...